River Global Investors LLP Sells 3,101 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

River Global Investors LLP lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,709 shares of the financial services provider's stock after selling 3,101 shares during the period. River Global Investors LLP's holdings in Jones Lang LaSalle were worth $939,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JLL. Huntington National Bank lifted its holdings in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock worth $55,000 after purchasing an additional 38 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after buying an additional 40 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock valued at $371,000 after buying an additional 47 shares during the last quarter. Greenleaf Trust increased its position in shares of Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after acquiring an additional 47 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $6.87 during trading on Wednesday, reaching $252.64. The company's stock had a trading volume of 684,668 shares, compared to its average volume of 297,400. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 22.38 and a beta of 1.36. The firm has a 50 day moving average of $266.28 and a 200-day moving average of $264.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.23 earnings per share. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

JLL has been the subject of a number of analyst reports. Raymond James lifted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and an average target price of $309.00.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.